Excise dept cashes in on higher tabs

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Taxes on alcoholic drinks including beer, wine and liquor are up 10-15 percent, starting Sept 4, with the Excise Department predicting a growth in revenue from taxes at more than Bt10 billion this year.

The Cabinet last week approved the new tax package which would be calculated either from product value or alcohol content.

Somchai Poolsavasdi, Excise Department director general, said taxes for beer would be Bt155 per liter of pure alcohol or Bt8 per liter of product value.

Traders will be required to pay for either of the two categories, based on the higher fee.

Tax for wine will be Bt1,000 per liter of pure alcohol and local liquor will be subject to an extra Bt3 per liter of alcohol degree.

The Excise Department forecast total revenue at Bt130 billion from liquor, wine and beer this year, he said.

Singh Corporation, one of Thailand’s major beer suppliers, said the company has yet to announce a revised wholesale price of its beers.